W'Vyv' ' r rv"Mrrrt)7,i,wwnfv't.Yfijify iHWVnimi'i hv V ..', ;s,. --' V" .!., , f; J:Qf;5frjS.'"-" v ' -.-,-, x .u r t - - - - - 1 ft a "- c - "I" . r EVENING PUBLIC XBDGERr-PtllLADELPHlA, MONDAY, ' H) APRIL 11, 1921 19 il $1,000,000 Oneida Community,' Limited 7 Cumulative Participating Preferred Stock Now Paying 8 Dividends PAR VALUE $25.00 PER SHARE Dividends payable quarterly on the 1 5th of March, June, September and December. Call able as a whole or in part at the option of the Company on any dividend date on 30 days' notice, at S30.00 per share Dividends exempt from present normal Federal Income Tax Transfer Agent: Oneida Community, Ltd., Oneida, N. Y. NEW YORK BOND SALES Summary of Individual Transactions on New York Exchango CAPITALIZATION On completion of Present Financing AUTHORIZED Common Stock $4,000,000 7 Participating Preferred Stock (this issue) . 3,000,000 OUTSTANDING $2,512,000 3,000,000 For detailed information regarding this issue, attention is directed to a fetter of Mr. Pierrcpont B. Noyes, President of the Company, copies of which -will he furnished upon request, from which the following is summarized: BUSINESS: The Oneida Community was established in 1848, and was incorporated as the Oneida Community, Limited, in 1880. The business of the Company has shown continuous develop ment. Its principal products today are silver plated tableware and animal traps. As a result of twenty yoars intensive and very successful advertising and merchandising efforts, the Company's.principal line of silverware, COMMUNITY PLATE, has become a household word throughout the country. The manufacture of animal traps is the Company's oldest business, and it has for years manu facturcd over three-quarters of all the game traps produced in America. PURPOSE OF THIS ISSUE: The purpose of the present issue of Preferred Stock is to replace in permanent form, temporary capital which is now invested in the business. PREFERENCES : This Preferred Stock is entitled to receive regularly 7 cumulative dividends, payable quarterly in preference to any dividend on the Common Stock, and will pay additional dividends at the rate of 1 a year making a total of 8 whenever the profits for the pre ceding year, available for common dividends, equal or exceed 12 of the total par value of the outstanding Common Stock and the surplus. By vote of the Stockholders, the Preferred Stock will continue to bear the 8 rate for the year 1921. 4 If called for redemption, this stock is entitled to receive $30.00 per share, and on any distribu tion of capital assets, the stock shall be entitled to receive an amount equal to its par value and any unpaid dividends accumulated thereon before any distribution shall be made to the Com mon Stock. ASSETS: Had the present financing been completed on the statement date (January 31, 1921), the net current assets of the Company would have been $4,229,677, and its net tangible assets would have been $7,711,531, which would show net current assets of $35.25 and net tangible assets of $64.26 for each $25.00 share of Preferred Stock. EARNINGS: During the last five years, the average annual net earnings, after the payment of taxes, interest and depreciation, were $500,452, or over 2 1-3 times the dividend requirements of the entire $3,000,000 of Preferred Stock. We offer this Stock for subscription at S25.00 per share and accrued dividend at the rate of 8 (SALES IN fifion ' Adams V.xp ls,C N Yk Hi MM Klnrdom Den- 11 . .03 mark ct m Clly N Y 4i 1. . im'i May 'B7 1 . . till 1 . 02 'J . . till1 City I'arli fl Klnadom Nor. 1... . D7H way ct 8. ft. . ti7' 1 . 10o a. . fi;, i . lnou t'lty Zurich Mi 2 10014 3 . . 07 I 10iit I. 1)7 '4 1 100 H 1 "I'l .1 . 100 fTil Cln Chi &!Kln f'wdn tin Ht I. On 1 1 . . . M Amn Stnlt'g 4 IleC'E Ba 1 . 'fl 1 75 I ... 70 Anm TAT elt .1 . . T8' Anm T i T .la 2i 2 S'Ji.4 i . sail I H'Jli Amu TIT a 1 .. . P'l', 1.1 111 '.j Am'ii Writing ranrr (la 1 ... 7n Armour 41$. 1... 70 AtiJi Topitkn & H'n V a J 1 ill Atoli TupoUii A H'a I'o la 1 . . 771. 1 . . 77 2. 77 A Traiikcontl'l Short I, H a . .71 Atlantic Kef's Cl fl'iil 2 . . , I 'm 1 .. ins, Kail . Ohlocv i on Halt & Ohln U 1 ft-v Cuban Ainor'n Sueur 8a ft.. . 101 I mnt I .. IM'fc i.... inn, 3 . 101-1 Cuban C H rv 1. . . M" Cuba ltd Co S, I .... 72t 1. ... 721, Donmark Con ct A 8a OS't US iift'i iisit (III Is tit's Cull 5.. .1. . 1 . ft ft I Unit , I 1 I I II A I I ,11 s. w II" N . r,7, Ohio An oh us 1ST O Tol 4n r.2 o ! 1. t: V.i 4i , 3 op, ' 1 (H ' .1 lit , Hall A. Ohio S Wcat'n H'ts 1 . .77 i a 77 llell T 7 rcls, I I m:iv r.ii.iini lurr, ! Huh M.'.'l M J hi lleth S 6s '30 1. .. 7H Ilkn Kilt Co (1. 1 KSi, Utica Inyestment Company UnderSupervlsion of New York State lUnUni: Department Utica, N. Y. Utica Trust & Deposit Company Utica, N. Y. Denmark ct II Ha 2 ... Ii 1 . . rS . nil, fiS'i ... I'M Dot-IMI fta M.l 2 ... RN' I) Ctiniida '21 2.. .. Ml. Do Canada '"1 2.. . IH' Do Canada "19 1. I2 .1 . . H2 4 . . . 02 1 112 Do Canada 31 2 . . 9 ft . RSi Dom Itcp'c fta 1 ... 80 Dun. I.lKht Ol 2 11014 .1 . 11(1 I'rle Holil l.lon 1 . 4OV3 ft . 40i', I .. 10 ii Hrle n It cv A nrown Clmi la fl . . 3d 1 ill 1., Oa Pacific lat IluBh. Bide fta I OS I.fhUh Vly Oi 1 .. . 07ij I. & Ml or a fta 2 . . M '4 a .. 8fti 1. A Myern 7a I.... 107U 2 .. 107U Ini A Naah 7 1 .. HH Mid II A Ur Si ft . . 7.1't 3 .... 7ftH fl 7ft'i Mill K 31 I. M I0i Mo IU T Ii ft. . :, Mn l'acine la 10 . ftSU 2 r.v, 2 Mi j N.. ur In i Mr ill i) :,n r.m- N Y Cnt'l S'a'l 10 07H N V Ccnl'l 0 .1 . . HS', 1 . . KM S Vork Ofl 7a rcta 1 . lort Now VV IU If 4i 'SO 10 . .40 New Turk O & Wcal'n 4a 1 . CO Nw York O A W'n cm 4 a 1 4f)'i N Yk Itwya fta .11 N Y Telo His 1 Rl'a Nfk ho' 11 It fta 3... . 11 North Wrst'n llell Tel ! I . 101 Vnlon Par 4a 1 1 . . Ml , 1 NO t'lllon Par 0a 1 . nnij 1 lltl'i ' 2 ll'l 14 Union Tank ! Oar Co 7? , 1 . 101 N, 1 I I0t. It K of (1 llrlt . I'd 1021 1 MM, ' v 1C of ri urn . I'd 1022 1 ... Oft 0. ft '11 0 3 a. m . 1. sr. Hft Bft R.l RS V H llealty A Impv't fta 1.. . AHi 1! B Ilubti'r fti I. . 7S't I . 7Hi U H Huh T Vbi. 1.... 101 '(, 2 ion, 3 101 101 U H Wmlt It A Mln'B ill 1 02 U'd H Kteel ft 1) K of (t llrll A I'd 10.17 1 ft. 1 in liillOl l l.llioin I.IImti'v l.ilMTly lilticrtv l.lhi'ltV I.ilirrtj Vic Vli Null's Nnliw lt I'll lv lit l',i. -M l',i.. :w i,n . till I'.s. :i',h.. IV.. OB. 1'ftN nf. 0.1 . Oft A. nr, tllBll (MI.M S7.40 h-.:h 7.70 S7.IKI IIO.Ml S7.75 117.150 !I7.(!0 4 P0''. Utah 1' 1. fta 1 fl Va C C'l 7 Via 2 02 1)0 V, 1. .02 1 .. fl2 GOSSIP OF THE STREET Total rollowlnjj tlic pronotintTi wrnknrai in 11 nuinlior nf iscupx 011 l-'rltlny tlicrr won ci)ti'lilc'riibli ln'iirUli scutlrni'iif HiroiiRlioiit tlio lliiiiiiciiil district. The pioilli'lliiti mi! mncli' ! ninny that a j Capital inieated Jourr lou'l df iiiotntlnni will lie p-tnir 3 ',"'" """ntlnn In (irent Hritiiln, rolntivo wi mi- atriKP in tlio iiiinrrs, inni", n ilc'lrli'i! Hun fur tlio liollor. Uliviniilj tlio nctloM of llio inilicri iinil tlio .'lliifiiilc of thp rnllwny iiiph of thnt riniiilry n-lnllvp to n syimintliPtir RKPOKT OK AI.Il ft WALKRIt. OP rim ndelnhln, l.lcenaa a J'rlvata Hanker,, . 1BI, No, 330 Ulrard av.. of I'Mlui Phi County, ra at the cloio o( butlneaa March 20 1021 ASSETS . tain on hand, viz (,i) U. H currency Duo from hanka. Mr vi? : b)U M. natlonnl lianka Mnrtrinaei owned 1 iirnitun. and flxtuiei . . Loam with und without collateral I.IAIIII.ITint Wabaah It let 1 . T.'IM Wea'n llli" fta 1 'jr.l W A i: Mfr 7i 1 n 1 !W 1 . 1"''. ft III)'. W I'lllnn l'i I . I)i Ullaon t'n let 1 Ml , 1 h'-i't Wllann iAt 'V 1 am 112.22 ino.13 7fton,no r.12 S3 010.73 Jll722.ll J0722.fll . . J0722,dl ulnlv rf Pllllodcl- I ,ow n m 110. 1 110.11 S7. 10 S7.-IO S7..'tS .S7..V, S7.."l S7."il S7.",0 S7.."'J DO (5(5 00.70 .S7.0I S7.IH 117.150 07.0(1 !17.."iS 07..-.S 'tril,o liml nti Iiniiortnnt liillucnrp inpririrai lilliruri (itinliiliiins nonr trip i'ln-p or Hip j wpok. ninl In mipIi iisiiPi n Mpxkiiiii I'plrnloiirn snmp nf (lip pIpp! slorkH. ' irpiit Nnrlhi'ni Rnilway nml IVnnml I :i n i ri Knilrnnil. tliP ilrrllnPi worn rntlior iroiiiiinppi, na cciiiipiirpil uitli 1 lie Ri'ii pntl imirki'l niOM'tiicliU of riTPiil cln vf Appnrcntly tlicro wnn no incpnllvp to hnv Hoik", iinlillivtnniliiiK Hip ni'nj nltlon on tlio pnri of stibilnntinl in tiTPits Unit inliny ihmpi rp now (hhm nt lilslilv Httrncllvr prlppM ntnl until diirh time iih tln vnrlotiR illiiiiPtmg pIp niptil t in tin1 Ri'Dprnl litiintliin Iiiup boon I'lrnri'il up it un tlioilglit iinliki'ly Unit II pronoiiiicpil innvpiiipnt one wnv or tin ullier woiilil IhUp iilni'e. I Total Hi it nf I'enm ttnnlu. pnia ai: Wo, Allwrt Alio anl Airred fl. U'nlkrr. I.lrenfcp No. 101 fl-i iolt mniv aeur thai the alKivo atiiteiii.ni la Hue to the beat of our UnoI'dip' up, I Ul'rf (!'iKII"d) A I. HUH r Al.t 11 A I.I III l '1 WALK Kit Sil'-ITI ibtd np'l hv "h t-t l f, t mi IhM d ' r,f API II (Nlsned) ri.'i an iiiv iii"ii:ur.n .ir. - larv 1'ul'llp LONDON STOCK MARKET Feeling More Confident Home Ralls Hardened Rubbers Slow lHitlnn. Apt II 11.- Kec'iiritipx mi Hip Mnpk pxpIiiiiicp on flmipr loilm , mill tbp fpplinc mik ioiiIhIpiiI. fnllowltiR Ini provpniPtil in Hip Inlmr f ItiiHtton. IIoiiip rnlli linnpiir. nciiln nt fnh buying for Invpstini'iil ii'iininl. Ili'iivino-- wni nntPil in l.nitnl TttinltH, owinc to tlio .iisppiisimi nf Hip nrbit rnt inn iipkoIiii tlonw. Ihillur ilp-rriptioiiN mpi'p irri'K ulur. Moilprntp support wns givpn to ArcPiitiiio rnil I Iip imlii-trlnl rcrtinn vnn bPltPr. H0111I .MitrliPt lnlilnc t'p TIipip wns 11 fpcllnp; In Hip bntnl 1 1 n-lc nt Hip p!op of Hip ppk Hint IhUit prii'ps niul 11 ti impiovpil ilrmnml hip to Iip rrull7.pi! in tin future for lucli grnile boniln. I'rii'i's nlrpiiilv Iiiivp motPil up stibstiintinlly, ntnl oin' of the priiiolpiil fpnluri's In loniiPPlion with Hip nitu 11II1111 is that of tlic I'onipiinitiM Ij until ninininl ol iiiiiIIrpsIpiI spptnitirs on (Iip Iipph of ilrnli'ip In chip lnrgi in'pfnioiit Imusp Hip j fnrl was tiKi-prliiiiiPil Unit fit lln lo-p I of IhikIiicvh on Thiinoln II bnil but oiip lionil unsobl mi IN sip1ich ntnl whi- hImh'I oiip boml 1 If 11 'Dilution Miuibir to f oh I tnitu Rrnorallv tliroiignnut Hip trntlp. H In nppnipnt Hint ihp nnswpr is blgbir ! priips nml nn inrrcnu'tl (IpiiiiiiiiI for 1 fci'tirillos. Boles s-Westwood llfimbsi''J Phila-jSioclcExclund INVESTMENT SECURITIES LantlTitle Bldc. Philadelphia PHONE- LOCUST 4721 Plula. Elect. 6s. 1922 U. C. I. 8s. 1023 Sun Company (s ft 7i Barnsdull Oil Rs. If)j Pa.. O. Pr. c Lt 71 s. 1940 C.idclo Ccn. Oil fi Rcf. 6s, 1930 C, LAND TITLE DUILDINC, PHILADELPHIA. PA. MrmliTs 1111 id Ip'ili sioik r.irhaiue Itubliprs who slow. Tborp wns III Ho nctilt In Hip nilnlng dppartniPiit. Uiii- 1 Conprr Dcniiuiil SUM Mglit moml xliiirps w-orp tiiiu. Dpnllngs in' The buy inc spurt uliii'h rami-into tlic tin oil ill,sion witp broiulpr anil thpsp ' ninrkpt for roiiiior wbi-n it wiih first Thlnformtlon contained In thla advertisement hat been obtained from aourees which we romlder reliable. White not iruaranteed.lt it accepted by u at accurate. Crew Levick Company First Mortgage Sinking Fund 6 Bonds To Yield 7.80 Direct obligation of Crew Levick Company secured by First Mortgage on all property owned or hereafter acquired. Crew Levick Company is one of the oldest oil companies in the United States, being "As Old as the Industry." The company owns 700 producing oil wells in Pennsylvania, Ohio .ind Oklahoma, two refineries, a compounding plant, and modern export station at Petty Island, Philadelphia, 197 tank stations, has 239 tank cars and 237 miles of pipe line. Its products are exported to practically every coun try in the world. Interest on the above bonds earned by a wide margin. Price 87V2 and Interest Henry L. Doherty & Company 604 Morris Building Philadelphia Pa. Telephone: Locust 1110 ANNOUNCEMENT IIARVLY 1 IhK A SONS, INCORPOKATED, ANNOUNCE THAT ON AM) AH Elt APRIL 11, 1021. T11LV WILL TAKC OVER THC INVESTMENT BUSINESS THAT HAS HITHERTO BEEN CONDUCTED I1Y J. MAGILL & COMPANY. Till. OFPICE NOW OCCUPIED IN THE LAND TITLE UU1LD. Mi. PHILADELPHIA. WILL BE CONTINUED AS THE "HII-ADI LPHIA OFriCE OI-' HARVEY FISK 4 SONS, 1NCOR. t'ORAfED, AND WILL BE IN CHARGE OF MR. JAMES P. MAGILL. VICL PRESIDENT. HARVEY FISK & SONS Ineorimrutfil PHILADELPHIA LAND TITLE BUILDING CHICAGO 105 SOUTH LA SALLE STRLET BUFFALO ELLICOTT SQUARE NEW YORK J2 NASSAU STREET BOSTON MMAIEilRlxr 074 The Denver Tramway Company To the Holders of First and Itefunding Sinking Fund Mortgage Twenty. five-Year Five Per Cent Gold Hands of Tlic Denver City Tramway Company. On November 1, 1920, the Company defaulted tlio interest on $9,888,950 bonds of the above-mentioned issue, and also on $48-1,-500 Denver antl Northwestern Hailway Company Firtt and Col lateral Mortfratre Bonds. It had proviously defaulted the interest on $2,198,000 Seven Per Cent Collateral Trust Gold Notes. On De cember 21, 1920, a Receiver of tho property of tho Company was appointed in the United States District Court for the District of Colorado, upon 11 creditor's bill. The Court has lecently authorized the Receiver to collect an ''ijrhl-cent fnre for adults, with two tickctB for fifteen cents, but the City antl County of Denver is vigorously opposing even tlm temporary relief, and, in spite of it, current earnings continue to be unfavorable. The Company hns also defaulted n second installment of inteiet due April 1, 1921, on the Seven Per Cent Collateral Trust tiobl Notes, and it ennnot yet be determined whether the Compuny will be able to take up tho defaulted November 1st coupons on tv First and Refunding Sinking Fund Mortgage Twenty-Fvc-Year Five Per Cent Gold Bonds bofoie May 1, 1921, and it may be com pelled to default the coupons due on thnt date, in which case reme dies under the mortgage would be available against the Company. Under tho circumstnnces, it i3 important that tho holders of First and Refunding Sinking Fund Mortgage Twenty-Five-Year Five Per Cent Gold Bonds unite for their mutunl protection. The undersigned, owning and representing a largo amount of the bonds, have consented to act a a Committee for that puipose. A Protective Agreement has been prepared, under which the bond holders are requested to deposit their bonds. Copies of the Agree nient mav be obtained from tho Bankers Trust Company, No. 1G Wall Street, New York City, or from the International Trust Com panv, Denver, Col., or ftom the Industrial Trust Company, Provi dence, R. I., each of which lull act as depositary of the bonds and imuc Certifrntes of Deposit therefor. Bondholders am urged to deposit thoir Bonds with the Deposi tary most convenient tp them, as promptly as possible. Bond should be deposited in negotiable form, with the November 1, 1920, and all subsequently maturing interest coupons attached. The members of the Committee will servo without compen.-a- tion from the depositor!. Dated, April 11th, 1921. Co . imr.TTnir.K. ii, litr, I'nitir A. 1 o Ii,nr, Colo MVII1IS' llllllWN. I'rixlilrnt IndllitrlHl Tiunt rrol,1nra rt I. jami'8 r. in iuir.it. , J'ruMi-ni llninlltoii National Hank, Ii'mtr Colo . M. ri.MtK, , . i: W rinrU K l " PlillitdclphlB. Pa. mii:iiman STtnr.iMi S'p York i'H J I.UI-. A lillANT III ll'IM I 'O'O I'nwllM I miNAi.n r. r.i'itnr.s. Hark IVhIsk t; f'n NVw York nu ll. . MITCH KM., PrpdliliTii, IVmer Nnt10n.1l IlnnK, rcnir. Colo c. c. PAni.w. Vlci PrfBlilftit, first Niitlmini nn! tener, Colo Coininlltcr, II W. JOM'S ftrcrrtnru 111 Willi Htrrnt N'iw Turk I l It I,. HTIIAItNS A.itLittmt Hrrrrlnru. I'lrtt N'uiiiniil lHnk IIuiHiiii; Di'incr. 1 olo 1. 74j ""nmiillan Nfn ltls ut 1. .. 1112'. 1.. in'.'U ." loss ." . liiSV r.(aol in.". II If-'". Con'l of fla en ' . M CM l.i-nlhir ftit III h'i C A. Ohio i3i r. . . 7. C O cv 1141 1 ..' 1... . T.1 I .. 71 C'k . Ohio M 1 . H-"4 1 M C 1( 4. O cv r.s 2... MS Chi lt & Cl 4a 1 .... PS. H... . UN'. 1 . nsT 2. . !is .I . . IIS". Chi . U W l 2 r.n', 2 . . .in. Chicago Mil A SIP cv 4 Mi Ti .. HI'. I . "I I HI .1 111 11 1 i. IiIi'iiko MM & yti fa 113" 2 . .-.n1. 1 r.o ciii & nmi Km 1 711,4 C Si N'w'n :i "j 1 H .. 0,i i . ni Cnlcaito A Nth Weat'n OW" I . nsi,i 1 . lis 1, 2. . imij Chi Itwy'u 3t S . . (IS 2 il.l ChlcaKo K Il'd b Vac (d 2. .. Rfl'. 1 (ION t'hllo Cop'r 7 1 .. 02. Chlneno 0t ,ih 1 IS ' 14 1. . . 441,1 City of Henteii1 Ba rets US' 1 llirm H (lene' I I'lec ,1s 1. 8S Ocne I llec Ci 1 . .. I.. . .1. (Imu't I ii ! 1 . . i !: i 1 .. . 1 1 . . , 1 1 ... 1 .. ". 1 Swlts'd rcn 1 101 1. 1 . top, 1 . 104', 2 . . in 1 1., 2 .. 104 Oil Trunk lets 101 lno 1110', It Ha (IK'S, 111 II1, fis IRI2 (111- If Mi OH', IIN-i US', inr. !il, (l()i. nn1. 111'. MP j (IIP in ; No'n I'Hcldc .'I' in . r.t'i N'li 1'iiclflc (la 1 . . ni OrK-W'n n.Co Nml Co 4i 1 . . 70'. P.-ii T & T fia t NI', IVnna K II .-,h J... M-, 1 HI i 1 Mi, 2 s I'll It KM IPiin 1 11)1 lud & Man Ii I ... .1.1 15.. . .'ir.'i ,no . . . :i .1 .. . .ll'l 11 :i.-,', Imil a Slci-I , 1 ... 00 Intboro lt T fi 1 .... .-.4 1 . . . r, 1 , 1 . :.!, I M Marlni li :i mi 1. .. (1,1 T I . (Ill ii .. 11.'.'; .-.. .. us h ... (l.1 1. .. (1.1 , in 1 14 Penna II It 7 issues wi'i-o itrmiKiT. Shell Trniinport nml TimliiiK 11s 511 and Mcxiruti ICiiBJo ri'il. (lilt-cilKoil InvcstiiiPtit issues tnovoil upwnril. hut I'liiititniMii'ss wits still In rvltli'lirt'. I'm ficn limns witc stcnilj. TIhtc ni lrcli Imjing nf Itin Tlnto". LOCAL MINING STOCKS rnMll'All STOCKS Hlil 1 I :t .1 1 1 I'n it inr 1P2 till. Ill) '. 1(11', mi i. I',i '21 Cni.li Hi .Mm lliltirr .Mm .Viimrn . . . . Crj.ii'iit .llfli MUpnli I'm Monijiiia North stni ltH ii" Cula 'rnnopiih I.M V-P llnd West Toni'iMli iii mi: Allied !lMd- Allu llHldf llolfher . . llell her CXI Hill llur llroush 'hide Hlvldf CM . . . llHlde Con dividend . .. i:al llhlile ll.irnrlll lliinhriiiirk IMndc . . lllKlh IHMd" Knox . . Ileno Divide UniielH Silver KIIIB SlHherlHiid Tiinopiih liivi,e I Toni'inh llHi'roijek I Vipiorj I in id eno lllvtle Zone . . . . .in 12 .... in 17 ns in. .ill tit li. .ill .ID STOCKS Ill IIJ .11.1 tl.'l '.'.".' .11 .til 112 11 .111 II-' (ll irj ni,' n J .11.1 V :i nn , nock I'd a & l.oul' a 41.1 "'" I fill', llnnlli SI 1, 11IKS I'omli 1'MPtlon It (. O dv l 2 7 1 kirJm k ... ...,.. 1 1 Mliuioil'llieiii lll'lin.ll STUCK' ll.'l .III hOVSi I. A 8 I a 1 Nd 1 j I 2 . NO t.. Iowa Cent I S 7. . iioi. Jnp Qove't luti .1.. .. S2, I . . 112'. n it 1 j st l. . a r in .-. . I7'i 1... 1 1 Jap tiovc't 4 NSilSt I. A f) I'ran 4 . 4. . .1. 1 . Kan C & 1 Clt t. 4 1 0,1 n.iii, (i.ii. d.n, 8 3 Ml, Kan CAS ,1s 1 .. 74; l l'Hlnr'ni retM 1 (17 ', 1 . 07 , 1 . .. 07 V 2 . . d7', . (17 ; Ilr-lfflum (1h 2 110 s 110', Series 4 1 1. 1 in r.oii lill, lllllf, iin 'a no 1.01, Sioux p K Iielk''m 7ii nil S 11 nn iini,' no'. 1 Cty Chrls'a Hi, nn1, 1 10 St l'l s. City 7u 2 . Dl'4 St I. Huvv'n en I 11 't 1 ... ill Feali'il A I. aj 3 (12 'i Seab'il A I. fd 37 j So' 11 I'ai Idc fd 2 7d', So 11 1'aelll- l a ivi '. a ni'; 8. (.'.'"n 8" II llallvv M l 1 r.s ri in Stand'it Oil of n7'4 Calf rets .. i 3 . . 102 Mine Hull - I 111! I'll! . . 1 'linldilidil Con . lioldlleld I lee (loldlleld I'een . lireul Ilenil .luinho I'M . , Kevv' ina I.one star fin. lied lliila Silver JMi k Spearhead . misci:i.i.ai:n(H's Ainnaro 1,1' Arli.on,i I'nlted Caledonia IMei 1'nini.i Jllv r Kureka CrueeUd . . . . Ilur-ku Hull! n 07 'i PTU (71 .3.1 .nil .ni ."J il.l 112 2 nn III OJ .ll'l 11 10 Ak mi 11 13 .12 111 (ill lis (1.1 1 x I oil i'l n! .02 ill .HI ill ill K ni mi .('1 .1:1 .112 01 .is 11I (11 .112 11.1 111 it Ol III ."-' .ml ol .31 ns . "2 1.1'i Il.l ml nt ml "O'i 3 CO 01 ,0J 1.20 .12 13 llecln Mother I ,' Nevadi IP Neva, In SUM "'M 3',epi, M Wlll'e C ,,, W 1 1 per I 'II IS :i. 4 .10 III in 1 1 i ! , Oil 112 III .0.1 II 115 No Ch.inoe In Raw Sugar siv lerl.. vi 1 roil I "lllv fl 'Oil,! l.lfl, I (llli.ll 1 1 ", 'i ,'n linn 1 it It.-llnlPu- ' hilKiir It. Me pin. 10 '1 Al 1" from 1 1 p 1 1 , n vi p In' h ',, 7 1 1 I B"d Hi,, 1100,1 I ',.. r 1 w mc ir mir II I ll'l ll 1MB' il The ttr In w hi. 1 1' 1 n!l"1t I ll ,'" 111 inn ,n,ition Inrlodii' ill ni rit' 111 Sir 11 1 ul i 1,, tli timer 1 I K 1111O hPKH Hill ll) iii. ' l: 'Hn'nc " ' nil ,11 l m of li i 1 Vim' I 1. I" 1 .f '.Ti 11 n I ' i i ii 1111 nnnoimroil thnt lnrRc properties would nliiit down I'litiri'lv . hns apparently ended, mid tin- (leninnd tltirinjr tin lust week has hern .(iiuewhat stniiller, but the fnd thill then' i. 11 stenrl) , tlioilish Ninnll. (lemiind still m the market, i" PlicnuriiRiiiE In the riipper nutliorltles. Not 11 wmd vvii hoard ilurliiK the la1-! week of irn'p (inn I'inns, nnd () far ns onn he leiiriipil. all Hip juiciness ilmie was at frinii l'J" to l.'J rents per pound fur ih'lner.v up to the end nf Mii.v . for whieli period the eoiisuniers 1 were iii tli"" market. While there was talk n week ngo nf I one inlerext In nig vvilljnir to .ell eurlv , 1 nipper at I ''.. n-nls, it is not ("nnsidered I .H,.i,i.i,, . 1.1 ..n.. .1... 1. ...1..... , I 'I'll III' II' II, ll 1 l.lllllll JUl.V III" 11111. I IfKUiis t lln .eller were, bt 111 oirerins ' tit tile lower level. I-'eilcral I-1111I Ilanlt Sjstem Tin" irnii" position nf the redera Land l'.ink - -t' in . disclosed bv tin j icpnil nf the IVi'ernl Tarni Loan Itn.itd u nf the 1 Iiim" of busliiP'is oil Deri'inliei ! "I lu-t. "-Iiniili . M'r cratlfjin; t" bolli the fiii'tiiers who are the ownerx of j the ln"k of the I'm m Loan Associa tion... whieh in turn aie larne owneii of the stock of the hanks niakinK up the 1 sjMcm, mid In the lneitors who hnhl ' I'ederal Land l!,mk boiiils, Althouch the system is a cnnipnralivi'l.v new one. 11 1 has sti.idilj iiii'ii'iii-ed in ciipital, aim I has I hi il t up substantial surplus to , i rvc from iainiTi:. due fialiiie nf tho report h-is at Iracti'd '.iP''iiil 'ittenlinn. Despite ci 11 eral business conditions and the dillii'iil ties ilttciiilini: the nintkelliic nf irop. I the Intnl iiniri-uts deliiinueiit tiinitv iIiijh or m in were only sdichtlv over 1 per rent of the total pavim'tile vvhiiii have nintiiieil and these deliqui ni iti-in are I'ouiiiig 111 I'nplilly 11 s the crops are hi inj 'lispos.-d (if Knrii'lnsiires h.i v been veil few, and the read.v mlo nf propei t tnken under foreclosure nidi (ates ilenrly that the loans thi-niihmii the system have bien made 111 a must imiM'i vntiie wnv. The rd'iiil Land Hank Itnanl is j restricted under the terms of the A" 1 I to n most conservative InuninE policy, and il is repoited that they hne biuM-M 1 well witliin those limits It bus bei 11 1 polntiil out that 110 other polh-y wnuld 1 1. live been justified, fur loans 111111 lie I sound under the viirylus coiiilitioiis whhli in i.v develop thioiigliout a pei iuiI Of J 1 Ills. j Now that the Siiireme Court has pondered its decision, which Hnnly fixes j the l'., ml (.and It inks .1. n pan nt the reai '''Hiking .woi"i of the crnin Itrv. tli I" 11 111 l.n-in liictrd. which is 11 filttirfiiu 11 the 'Ire.i-uiy I e;'nrtnu 111 nt the I illicit Mill- hi-i iss.i i a state nient cntiti'tiiiii": its f nt pm to con- lillU" I'll' 1 nil- r ,1'IV P I ,ilp v of the past in Hi" i'V( 1" sin.' '"'ni vvhiiii llie 1'cdei ll 1 Hid I! il - .11 ' dost 111 i 1,1 IICI upv Tin: TUADint. Morris Brothers Co. I.s,ildlsiird 1K')3 Bonds for Investment Municipal and Corporation 1421 Chestnut Street Seasoned Bonds BATTLES & CO. 111W sieil S'i'i litilrpeinli'nir Siiiuire last) 'd lifiiyiMomriC i- L'J- Amcrirnn I.nad Muchinvry Com. Dill .-v Collins 15s. 192.1 Onrral (;.ts & Hli'c. (is, 1929 S. S. KrcsKc 7 I'ub. Sen. Corp. of N.J.I'orp. Ctfs. CHATER & EDEY 35 Will St., N. Y. Tel. Hinoi.r 7885 U S. PATTON & CO. IU A Clir.HTNCT STS. BANKERS IIPrpe's 4n sAirrn r '"vevsnv llondi uud M01I.K 111 -tulit and auttl 111 (iinite'sslon llpmliiir. I'lill ' si r irhnnr:p i iti v. r.i'Mis Fidelity and Deposit Company of Maryland PLATT, YUNGMANN & CO. inn i.m 1 snti 1,1 W!E6HERf RCCKEV & Cl" Certified Public Accountants Drcxel Building, Philadelphia kin ni n o r 1 1. ritoposi.ii ri ice 11 -i 111 riitsi (.(.i. iioMi ur Tin; iiim: II I 'A 1.11 IIIMI'S vIORl-s'll)(. ... 1 ml Ar I twng , K. lit', I llHIi-l Ml iIim , - , nf if, Ih- I" inl nr i' , 1' ih 1- ., ill 1 Ti'il. I,, ri-l.v I r f M n ih.i' r 1-1 I '(Id i"' Trii, r -11,1,1 1 H I ' l?'M. .Ml"l f II Il.l ' I i.,v i' ir -h. 1 nil n Pd I 1 tu "' r ' 'i N ai n 1 11 ' ot 'I'll I 1 n. ri 1 1 s ' , I'n Oil ll. . I ,. S I ' f I . 1 'nu ll -'. I'.l m 'rrnbii''". Is in.nl for n Ih In 11 1" 1 1 V II dl'Tl li.ilii" hli I nn 1 tip nmnn . 1 I In tri ii it, 1 ur rf'id . ,1'iiiie for 'HI t- "f ttl is' . r iihi fti --ii.i" . '1 1 . .' I'linn .1 1 . ii. 1 f ; iiiik.i I s I nn ' I ni'ij it c '1 ' vvll I 'i in: J..W I., il.l nu I 11 1. , t 1 rs iil.d aanunMRfBArM INTER. Rvy. of BUFFALO ll Stock, "onds & Certificates "rtonUchenhruch&Co. ".Tri;-,,:",l'".N.v. w lo Nv '"ni ni'id. -Rnm .MtAn 1 fork. Cliipiicn , trull L'ltv.land. , xTHmmmntv"' ""' 11 iimiritL 1 1 Mcmbera New York and PJiiladtlph'f Slock Exchange 1410 Chestnut St. Ten Per Cent For Three Years Note, l-'reo nf l'enna. T and i c Iikoiiib Tux T. Intrrct liininl , ,ICIalii I" mM. Mm 'v Ulnkinit I und to Hetlr. Edward V. Kane & Co. Morrii Building IMnlill-lird 17 Ynti iM I 1. MMMM0MB1MIW,IM'l1il M HIM !. llT- ? Liberty Bonds Bought and Sold Edward B.Smith & Co liliM.llllItU 1802 Umbr New Vnrk nnd I'hlladtlphl fltock Rirlmniteii Mil CIli:STNUT STIIKCT PHILAULl'IIIA h Bonds yOMvestmc -, dlUA-RT . v.V. Inc. Modern BanklnR House 1.1J inodern quurtiirs w 11 itlv you cniiiplel In our cnlnrm J ar' iirrpurfd tinnlvhiff srvn'. Union National Bank When Irrli fltrrrf Crot TilrJ IN I'HILAUELHMA GEO. A. HUHN & SONS kllll'UK AMI KM" ...!. ..J ... (flA llllllfll'1llll II. iiTfu ttiirt (iilno llnrs Kv.liiin.r. v.vv inrs 1 ; , L'omnillon Ordr Eufcutcii In All 111. Principal Mnrkcta I llirrty IJonil -noiKtht rnil hold i,iiu. (uiirl Illdit. 1 1.1". "Mliiiit.St. N V.. HI llr,i'diiv.-A limn ' Aniliiiismliir lintel Npw HI. ( nnsol Mum In (lllr. I.I. .ircirii' . Pr. A Trurt. .ixlit I n. I'din-Muri I oil ( iiiiiii.iiiv (rnrclii llullvv v .V I'oivt'r I n. Imll inn Sen hi ( nrii. Ilrf. 'n IviinnuH $ (ins (oinl'iin.v Killsini i:ii"lrlc ni l.nliriislrr I rr I evil k I nniiilli I nltnl Kir rtrlr .1 o. uf N. J. I'rniiNi Until 1 ( ninpiHi) rranhini .Miiinnai nniik torn Samuel K. Phillips & Co. llrnilicrs I'lilliiili'llilil.i stoik I -Vi-li (lltn 507 v'HI'M'MT briiL.1.1 ..',' I!ll,i ,' 11)1! 111") .I'll I ll.t I llj. II ,f m.'s (S's tint n's rill r 111 in I'.'s ID.'I r?''i ' ' ';-Jnk ih imBP mF au ESSfe 'mm Safe Deport fault i.fji Chestnut Street FIDELITY TRUST COMPANY was the fiim institution in Philadelphia to construct a Sale Deposit Vault. Such vaults contain sate deposit boxes to which the holder alone has a key, and where securities, jcwcliv and other articles may be kept, tree from the danger of theft, fuc or misplacement. Boxes may be rented at cither of our Chestnut Street Offices, in sizes to suit varying needs, and at prices from 5 upwards. Fidelity Tkusx Company .1 M 'It I !' H.! s-T 1 1 'I ut'll' 'I ii.l ,l in'erfsl ' , ri - it vv h I !." -r 1 I'MI'ANv t !' To Kit- lloldi-rs of sii:t on, -XMl rtl.I'lMM. (IIMI'IM I Irsl Miirt-nufi ('unirrilMi dr sinklinr i'lmil tuild llumli,. I till .Innr I. ihiti: NVit1' 1 !, 1 cri 1 ' dav i,r jvit' m'ji : m 1 1 1 Arm e III if ("- ri 1- J'ir 1 ! tl(l fri"n -'h if . I' 'il p nv '" ' jr.i ii-t ' 1' r ii t rt j, 1 v 11 1 .11 ' 1 P U 11 1 ' T- usf Hi". li 'I. 1 ni r nn t" ti I h Furd il'f uni f 1 I' IH 1 ,1 , I I 1 f't 1 ' !' 325 Chestnut Street Capital $, 200,000 I'liikIs held iii 6324 Woodland Avenue 1431 Chestnut Stre West Philadelphia Surplus 16,000,000 I'mst more than $250,000,000 ' H I 111 I U It II ' U'l I 1 m.'i 1 1. 1 ' 1 'i t it . -1.1 It I'll" .' 1 t' " drat ,,1, 1 1 Ml. of i"ir, d.ilrt 1 I H.nn'nc 1 r nil' H' nl i' 1 vv m ,. ' .,,. t-1 li , s I; Ir, I I'.inv. s 11 I I r 1 Hi f,.i i'i I, iri'tlrm nf ,vu'- 1, i"d 'III. In In I. I 11 ! T-tt.1.. riji 1 ti i-' -.11 M In trt . 1 . . p. mi . ti- ri, ,,iiii I" 1 Hi d ' -f , .1 I i ii 'I 1 ll I t 1 1 : 1 l'i I'l si. , l;i'Hi 1.1 j ill nt P ,,t rt I, i in 11, , 1 'ii? f -t I I, I. 1 III! s in I tu- lor all I f ' I'lr - ll. Tru- n i d vr I l".'l 'ii'ANr .KM 1 n- 11 y lriiiosnl. rill.V-! III I'VltlMI.S I HlUr.tl HI INiiUWINl. Ml I'ltlSriM M HI" I I -!" I'i1r ' M ill' II o I I ! ,' I.I rt. -! .nl I 1 r An .! ' I he mf- ill Itr.i" i" (" Ii ' ' IX- llil Is I ,U ii". 1 ' 1 . s r.ti. i m vim f I'll II I I II , ' d ur,-, riji 'u fi.rmtiri 1 nil ll 'v ,iMii, f 1 . l.f Pu I' ' t'isr mid fir .nil lit. fl.,! T' 'Ml. 1 i-i ' I ' r I fM rl H'I,-n for '1 I1 I ts fi r Ti .11 I und ;i I in tp. ' 'n 1 1 iil. r till' I tti'fr ,,,,, n. 1-1 Ii. 1. ,-. 11 ., 1 ro, .Sil PrnirtMN lor ' r 1 Ii- 1 Ti in in inc. .11 11 u nf t linlowi - P. in.. .May 10, I V I it, I'l s..-.l. M ! Ml. IIII.IIU M III I'MtlMI M. II HIIII-.HI Id. 'A. , ,1. 1 i'l - " ' I'" ' I ul Hi. I" 1 in . ipni 1,1. 11121. vvl 11 b I u ,ifn u- 1 ! I I 1 I tllri. I !.t 11 u; li 11 Hi lulu'- 0111 1 lll.ll. 1 llu ri- ' "1. llPl.ait ' I I'M I Inns it-'l fri-tt uioii l;i.iimrnl. "ntnl.MlntiHr I'Utll'llStl.l I UK SMMMMi, or tin ' oiiwiijiioiiie iiinirr, riiH.. . I t. 1 111 I 1 Ih ))' , Mnt- HUha 1 I Wl s s ',. II ! vv n c, (u irirriini'lrr liil.riiiritlutH Diimt, I llllilttriiiiiiii, 1-11. fi.H'.d Pi 'I ".." "lill''" .will l 14" r.lvrl Itrr iiniu II . III. April , Iftll. 1 in 1.1 1 . ill '.iv purl r find oin ni. t I II- lOlK WWII Olid (1(10 (Kill MI .lock- , ,tt 11 i,t it mat Inn on irtii..t. HAM I All I III. Ill IMI l.s I Alll. I.sni'.ll J, aitiis iltsintM in lid fur Mi'iii.teti fu, i , M ilr llu-n tul f Hit Iiihiiiii'. llniivlllf. "n du'l'u tin "1 v" 1- 'i'iIi'U Jutt. I lu'l, con hini- 11. in 1 1. 11 1. 1 . limn,: wit clavs ni a utdt 11 Is pmiictsed to fuitii.h 11 u ai'Hi'i vx Jt.watd, m IB m mim ilii WW M.I "".i 1 W HI ''.rt 1 . ,..l -' i' '11 WW ' (1 5H. it j,, M fl ihl ,l ! t) mm u. tV' '1. . ;i 1.1 - i'.l" a' t.131 V'-'i 4 sT ''it.S M II 11. ffjj P. Wt. Jih 41 m 4 ''J&li&deiViS'ht vs., i !.?? : ' !, -Mh?iJWi--v Sh 4i .- .V'V & ?.Sst M-